Overview of the Global Market for Numerically Controlled Sharpening Machines For Working Metal

Market Size for Numerically Controlled Sharpening Machines For Working Metal

In 2022, after two years of decline, there was significant growth in the global numerically controlled sharpening machine market, when its value increased by 13% to $X. In general, consumption, however, showed a slight setback. Global consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Numerically Controlled Sharpening Machines For Working Metal

In value terms, numerically controlled sharpening machine production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced slump. The growth pace was the most rapid in 2018 with an increase of 20% against the previous year. Over the period under review, global production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports

In 2022, shipments abroad of numerically controlled sharpening machines for working metal increased by 1.7% to X units, rising for the second year in a row after four years of decline. Over the period under review, exports, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 102% against the previous year. The global exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, numerically controlled sharpening machine exports expanded sharply to $X in 2022. In general, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 69%. The global exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of numerically controlled sharpening machines for working metal, namely Singapore, China and Australia, represented more than third of total export. It was distantly followed by Malaysia (X units), South Africa (X units), Thailand (X units), Germany (X units) and Taiwan (Chinese) (X units), together comprising a 29% share of total exports. Italy (X units), Japan (X units), Hong Kong SAR (X units), Sweden (X units) and the UK (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Australia (with a CAGR of +92.7%), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X), Thailand ($X) and Australia ($X) were the countries with the highest levels of exports in 2022, with a combined 53% share of global exports.

Australia, with a CAGR of +121.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average numerically controlled sharpening machine export price stood at $X per unit in 2022, increasing by 4.2% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, numerically controlled sharpening machine export price decreased by -27.9% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 87% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+16.3%), while the other global leaders experienced more modest paces of growth.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports

In 2022, approx. X units of numerically controlled sharpening machines for working metal were imported worldwide; rising by 37% against 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 45%. Global imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, numerically controlled sharpening machine imports expanded sharply to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 37%. Global imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X units), Botswana (X units) and the Philippines (X units) represented the key importer of numerically controlled sharpening machines for working metal in the world, making up 43% of total import. It was distantly followed by the Netherlands (X units), China (X units), Singapore (X units) and the United States (X units), together creating a 23% share of total imports. The following importers - Malaysia (X units), India (X units), France (X units) and Germany (X units) - together made up 9.7% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Botswana (with a CAGR of +57.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported numerically controlled sharpening machines for working metal worldwide, comprising 38% of global imports. The second position in the ranking was taken by the United States ($X), with a 17% share of global imports. It was followed by Germany, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+3.2% per year) and Germany (+5.4% per year).

Import Prices by Country

In 2022, the average numerically controlled sharpening machine import price amounted to $X per unit, shrinking by -18.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 87% against the previous year. Global import price peaked at $X per unit in 2021, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.3%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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